The Pension Real Estate Association (PREA) and Investment Property Databank (IPD) have agreed to co-sponsor a US Property Fund Index that will measure real estate investment performance for open-ended, commingled funds.
The Pension Real Estate Association (PREA) and Investment Property Databank (IPD) have agreed to co-sponsor a US Property Fund Index that will measure real estate investment performance for open-ended, commingled funds.
The index will encompass the entire risk spectrum of core, value-add and opportunistic strategies, as well as both diversified and sector-specific funds. The PREA/IPD US Property Fund Index will become a component of the IPD Global Property Fund Index, enabling IPD clients and PREA members to evaluate their performance in a global context.
The tentative target date for having the PREA/IPD US Property Fund Index up and running is mid-August. Once complete, the PREA/IPD Property Fund Index will join seven other property fund indices that IPD currently offers. These indices cover the UK, France, Germany, Italy, Nordics, Europe as a whole, and Australia.
IPD is a global information business dedicated to the objective measurement of commercial real estate performance.
The Pension Real Estate Association (PREA) is a non-profit trade association for the global institutional real estate investment industry. PREA currently lists more than 690 corporate member firms across the US, Canada, Europe and Asia.
